Climate finance

S Giglio, B Kelly, J Stroebel - Annual review of financial …, 2021 - annualreviews.org
In this article, we review the literature studying interactions between climate change and
financial markets. We first discuss various approaches to incorporating climate risk in …

Climate change, risk factors and stock returns: A review of the literature

A Venturini - International Review of Financial Analysis, 2022 - Elsevier
This article reviews how climate change could be considered an additional source of market
risk. I discuss the types of data needed to analyse the climate risk drivers that shape the …

Exploring the carbon emission reduction effects of corporate climate risk disclosure: empirical evidence based on Chinese A-share listed enterprises

Z Wang, H Fu, X Ren, G Gozgor - International Review of Financial …, 2024 - Elsevier
This study reexamines the need for Chinese enterprises to disclose climate risk information
in the context of their significant contribution to climate change. The paper proposes climate …

Four facts about ESG beliefs and investor portfolios

S Giglio, M Maggiori, J Stroebel, Z Tan, S Utkus… - Journal of Financial …, 2025 - Elsevier
We analyze survey data on ESG beliefs and preferences in a large panel of retail investors
linked to administrative data on their investment portfolios. The survey elicits investors' …

Climate‐related risks in financial assets

E Campiglio, L Daumas, P Monnin… - Journal of Economic …, 2023 - Wiley Online Library
The financial risks and potential systemic impacts induced by climate change and the
transition to a low‐carbon economy have become a central issue for both financial investors …

How do investors value ESG?

M Baker, ML Egan, SK Sarkar - 2022 - nber.org
Environmental, social, and governance (ESG) objectives have risen to near the top of the
agenda for corporate executives and boards, driven in large part by their perceptions of …

The rise in investors' awareness of climate risks after the Paris Agreement and the clean energy-oil-technology prices nexus

H Fahmy - Energy Economics, 2022 - Elsevier
Investors' awareness of climate risks and attention to green investments are on the rise
especially after the Paris Agreement. It stands to reason that this rise in awareness has an …

The importance of climate risks for institutional investors

P Krueger, Z Sautner, LT Starks - The Review of financial studies, 2020 - academic.oup.com
According to our survey about climate risk perceptions, institutional investors believe climate
risks have financial implications for their portfolio firms and that these risks, particularly …

[HTML][HTML] What greenium matters in the stock market? The role of greenhouse gas emissions and environmental disclosures

L Alessi, E Ossola, R Panzica - Journal of Financial Stability, 2021 - Elsevier
This study provides evidence on the existence of a negative greenium, ie a risk premium
related to the greenness of a firm, based on European individual stock returns. We define a …

Hedging climate change news

RF Engle, S Giglio, B Kelly, H Lee… - The Review of …, 2020 - academic.oup.com
We propose and implement a procedure to dynamically hedge climate change risk. We
extract innovations from climate news series that we construct through textual analysis of …